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FOX Business
Nov 28, 2012 1:00pm EST
. the money they're paying out to shareholders ahead of the fiscal cliff wall to get the dividend ahead of the higher tax rate, so costco joins many come over 100 companies that have done much of the same. paying out dividends so you can pay less taxes. melissa: thank you so much. lori: so thoughtful of the company. president obama invited middle-class americans to the white house to showcase those would be most affected a certain tax cuts are not extended. peter barnes live at the white house. >> 85 middle-class taxpayers joining the president at this event part of a pr push to drive them to extend tax cuts for middle-class taxpayers let them expire for wealthier taxpayers. take a listen. >> optimistically i don't think we will get it done tomorrow. but if everybody here goes out of their way to make their voices heard and spread the word to your friends and families and coworkers and neighbors, i am thoughtfudoubtful that we will t done. >> the president meeting with 14 ceos, second such meeting in the last two weeks including the ceos of yahoo, merck, coca-cola and at&t. and lloyd gl
MSNBC
Nov 26, 2012 8:00am PST
republican colleagues. >> a growing group of liberal fiscal cliff jumpers if you will as they're being called, they seem to be willing to risk everything, jump off the cliff if social safety nets face deep cuts while tax rates stay low for the wealthy. do you think that is smart politics or could it backfire against democrats? >> i think what the president has said is the right approach to take which is that we want to do everything we can to avoid the fiscal cliff consistent with what he said during the campaign which is that, number one, we have to focus on jobs and the jobs plan and, number two, we have to ask higher income individuals to start paying a little bit more to reduce the debt because if you don't, simple math tells you you will hit everybody else harder. the president's priority has been to protect the middle class and do that by asking higher income earners to pay a little bit more. so i think the president has been clear. he has set forward a plan to prevent us from going over the fiscal cliff and the choice republicans have is are they going to continue to insist on saying t
MSNBC
Nov 27, 2012 8:00am PST
in washington. the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the million dollar question is all concerns around senato
MSNBC
Nov 28, 2012 2:00am PST
and budget cuts from the so-called fiscal cliff. the president met with small business owners on tuesday to talk about the effect on their companies from taxes and other charges. right now congress is stalled over finding a solution as democrats demand higher taxes for high wage earners while republicans want cuts to entitlement programs. and last night on hardball, former republican senator alan simpson gave his thoughts on the fiscal cliff and failure of lawmakers to reach an agreement. p. >> they love their party more than they love their country. how it we get to that point, don't ask me, but the whole business of reform and money in the campaign and beat up the guy, and it's not a case of who wins. it's you want to be sure somebody loses. and i say to people whether it's grover norquist or whatever, lord's sake, if you can't step up to the plate, what can happen to you? they can't murder you, they can't burn your house. the only thing they can do is defeat for you re-election by throwing some coo-coo from the left or right on you and if that means more than your country when it's ex
MSNBC
Nov 23, 2012 11:00am PST
, the fiscal cliff negotiations will heat up. now the speaker of the house has thrown a new problem into the talks, can a deal actually be reached? >>> shoppers looking for their own kind of grand bargain today. we're going to look at the black friday crush at shopping malls and super stores all over this country. but we start this hour with breaking news in egypt. you're looking at live pictures of tahrir square in cairo after the new egyptian president morsi gave himself sweeping new powers today. tahrir square also the heart of last year's uprising. demonstrators filled the streets of alexandria later today. morsi's new powers put his own decisions above all legal challenges until a new egyptian parliament is elected. despite the protests, morsi moving ahead with his plans at the same time insisting that his new powers are for the good ofu issued a statement moments ago saying in part, quote, we call for calm and encourage all parties to work together and call for all egyptians to resolve their differences over these important issues peacefully and through democratic dialogue. ji
MSNBC
Nov 26, 2012 2:00am PST
in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013, and they want to remain cautious as we move forward into the next year. >> that was kristen dahlgren reporting. speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more in taxes next year, coupled with $100 billion in cuts to domestic and defense spending. now, since the reagan era, most republicans have pledged not to raise taxes. as mike viqueira reports, there are signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed. to oppose tax increases of any kind. that once solid wall was showing crass. >> the pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed, and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree that changes in social security and medicare. >> i
MSNBC
Nov 26, 2012 9:00am PST
leader summit last week says that the looming fiscal cliff is already impacting his business. >> right now i'm not that bullish at all. in fact i'd say there's a great uncertainly that's just hanging over the entire economy because we're not confident that our guys can govern anymore. people like me just aren't hiring because we're not confident they can do it. >> well, the white house echoed that concern this morning. a new report says failing to act on the president's plan for middle class americans would freeze the economic recovery. obama's plan includes lower taxes on the first $250,000 earned by every american and tweaking the alternative minimum tax. the white house report estimates that consumer spending would fall by $200 million. now that's more than three times what consumers spent just over this entire holiday weekend. there could be a drag on a range of industries from cars and housing to restaurants and supermarkets, if congress can't reach a deal. and look, pocketbook issues are not the only problem here. carl levin, the democratic senator and chair of the armed services
MSNBC
Nov 27, 2012 7:00pm PST
. >> if not, we go off the supposed cliff. >> the fiscal cliff or slope. the bump of various height. >> it's going to sell that fiscal cliff. >>> thelma and louise might need to make room in the car for the president of the united states. at the white house today, senior obama administration officials met with liberal leaders and union officials. "the washington post" reports that one told him after the meeting, quote, would the white house go off the cliff if it's between that and compromising their core principles? i was left with the impression that they would. illinois democratic senator dick durbin spoke today at the liberal center for american progress where he said this about the possibility of going off the cliff which fears of this show know is is really more of a curb than a cliff. >> some have called let's go over the cliff and watch what happens. we know if we're not careful, it will in fact stop economic growth and hurt everyone through every income category, particularly those most vulnerable. >> what he did not say is he must not go off the cliff. because the cliff is is pre
MSNBC
Nov 24, 2012 4:00am PST
on thanksgiving day? we're going to get some new perspective. the fiscal cliff, might a new wrinkle make it even tougher for the two parties to make a deal? it is one of the big hits of the season, the new film about abraham lincoln, and coming up, a unique take from doris kearns goodwin who wrote the book. imagine if this were your neighbor. one holiday display is drawing a lot of attention. that is in our one-minute playback. wow. good morning, everyone. welcome to "weekends with alex witt." let's get to what's happening right now out there. we have some new numbers today. as retailers begin to calculate black friday sales and whether it paid off to open on thanksgiving. all that, plus today is small business saturday, and cyber monday, of course, happens in just two days. nbc's michelle franzen is in n manhattan. >> alex, we've gotten through the first wave, the black friday, include being the early start that began on thanksgiving evening. so how did everything turn out? well, retailers say so far, so good. they saw a wave of people coming through, a rush of shoppers going through those do
MSNBC
Nov 27, 2012 2:00am PST
hill, it's back to the bargaining table for lawmakers facing a year-end fiscal cliff. yesterday the white house took a hard line insisting tax rates have to rise on the rich. and warning that any more delay on a deal could ruin consumer confidence and hurt-day retail sales. nbc's tracie potts joins us from washington with all of those details. tracie, good morning to you. >> reporter: hi, lynn. good morning, everyone. as we track negotiations over the next few weeks, keep in mind that the key sticking point seems to be how do you get people who earn over $250,000 to contribute more? limit their deductions? close loopholes? or raise their tax rates? today president obama meets with small business leaders continuing his push for higher taxes for the wealthy. a new white house economic report warns if tax breaks go away, the average middle-class family will owe uncle sam another $2,200 next year. >> it seems to be the thing that we can all agree on, that middle-class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set a
MSNBC
Nov 28, 2012 8:00am PST
this, the austerity crisis, better known as the fiscal cliff facing washington and the country. this hour president obama will speak live at the white house flanked by middle-class families whose household budgets depend on congress reaching a deal by january 1st. his latest effort to use his bully pulpit. nearby on capitol hill, both parties are meeting behind closed doors at this very minute. each side hashing out where they are willing to compromise and where they are drawing the line in the sand. >>> the other big story we're watching for you, a second round of sitdowns for united nations ambassador susan rice, who's in an all-out campaign of her own to face her critics. after three republicans issued blistering comments yesterday, this morning rice is meeting with republican senator susan collins of maine and in an hour is expected to meet with senator bob corker of tennessee. rice's harshest krit eks are still vowing to block her potential nomination as next secretary of state. >> i think everybody gets to, one, be nominated, and, two, go through the hearings and the deba
MSNBC
Nov 27, 2012 10:00am PST
if there is no deal on the fiscal cliff? >> that's right, andrea. we looked at what would happen if the middle-class tax cuts are not extended. the typical middle-class family with two children would see a $2200 tax increase next year if the tax cuts are not extended. that will hit their pocketbook. that would reduce consumption by 1.7 percentage points and reduce gdp growth by 1.4 percentage points and would be a big hit to retailers. we calculate that about $200 billion less would be spent next year than would otherwise be the case if the tax cuts for the middle class are not extended. and just to put that in perspective, that's about four times as much as spent over black friday weekend. >> why isn't there more action? we don't see the leaders coming to the hill, we don't see any meetings. what is going on perhaps behind the scenes because mitch mcconnell, among others, critics of the president, of course, were saying where is the presidential engagement. why is he going out to the public and continuing a political campaign to drum up support and not engaging one on one, meeting with the le
MSNBC
Nov 27, 2012 1:00pm PST
against the clock trying to reach an agreement on the fiscal cliff that is fast approaching. the president is trying to ramp up public pressure on congress to accept his ideas for debt reduction in. in the coming days he meets with small business owners, middle class taxpayers, around corporate leaders. friday he tried to recapture his winning spirit in pennsylvania touring a toy manufacturing plant. i don't think the event is in whoville but the republicans as grinch playbook is probably evident enough. to hear some of the president's team, they see this christmas going their way. >> i think we're going to get this done. i'm more positive than most. i'm heartened by many ever my senate republican colleagues who have stepped forward and basically said that their real oath is to america and not to a washington loppiest named grover norquist. >> it's actually true. some republicans have signaled a willingness to buck grover norquist and his anti-tax pledge and raise some new revenue. "the wall street journal" weighed in with a reasonable argument. president obama's re-election means the taxe
MSNBC
Nov 28, 2012 1:00pm PST
's not the powerball lottery. it's the fiscal cliff. just in the last hour, at his first cabinet meeting since re-election, the president expressed the urgent need for a deal, one that he wants to see extend tax cuts for the middle class while letting them expire for the highest earners. >> there is no reason why taxes on middle class families should go up. it would be bad for the economy. it would be bad for those families. in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's too important for washington to screw this up. >> and a new survey shows the president has the public on board in a new washington post poll, 60% support raising taxes on incomes over $250,000. a hea
CNN
Nov 25, 2012 8:00am PST
over the republican party and violence in the northeast but the medial march toward the fiscal cliff keeps hit a detour. >> they got off to an optimistic start. >> the country faces drastic tax cuts. >> let's get right to the ia sex scandal and the breaking news scandal overnight. >> today we're learning how much access. >> you find a guy who says -- >> jill kelley from tampa, florida -- >> our journalist is priorities are out of whack and did david petraeus get unusual treatment from the veterans he cultivated. >>> some ignorant teenagers wrote horrible things about president obama on twitter, messages that were exposed by the website jezebel. but did they go too far in trying to get these students punished. >>> plus bill o'reilly called him one of the biggest race baiters in the media. kuhnen very sags with eric degreens. i'm howard kurtz and this is "reliable sources."gans. i'm howard kurtz and this is "reliable sources." >>> the president of the united states and. automatically takes effect in just of o every a month if they can't face an agreement. the health of the american eco
MSNBC
Nov 26, 2012 1:00pm PST
are headed for this fiscal cliff and we need to do something to resolve that. we have an opportunity here to lock in responsible fiscal policy over the next few years. i think we should be able to do both. >> ken, we're told that the president is meeting today with the head of mitt romney's favorite organization, the magnificent chamber of commerce which as we know produced some marvelous surveys that appeared to support him. he spoke with speaker boehner and harry reid over the weekend and yet no meeting date is set. what kind of outreach is going on behind the scenes? are you aware, ken, of any other relationships that are being developed at this moment to try to fend off the fiscal cliff? >> yeah. mostly what we're hearing about is that the staff level there are ongoing negotiations between the white house, between harry reid and the senate majority leader's office and john boehner's office, the house republicans. but so far what we've seen, at least in the principal, is really just highlighting the differences and how stark the differences are. yes, there have been some republicans wh
MSNBC
Nov 23, 2012 7:00am PST
. >>> plus, fiscal cliff diving. the countdown to the new year is counting down to economic disaster. what will it take to reach a compromise and pull the country back from the edge before january 1st. >>> the holiday season kicking into gear. we'll take you all around the country. meantime, relative calm between israel and gaza following the cease fire did not last very long. today a clash at the poirder left one palestinian dead and 15 wounded. as usual, we are hearing two different versions of this cease fire version. we have two reporters there. aman, i'll begin with you. what are they saying about the glash at the gaza border today? >> they're saying that the palestinians, 300 of them approached the israel/gaza border on the palestinian side of it. they went there to access their farm land. that area is considered mostly essentially farm land for those families. a lot of people earn their livelihoods from there. they were going there to protest and demand that they have the right to go as far up to the border as possible. the reason why is because over the years israel has imposed a n
MSNBC
Nov 26, 2012 1:00am PST
obama term in office? the economy, the fiscal cliff talks, the president's priorities in the next four years. our roundtable is here. david brooks of "the new york times." msnbc's reverend al sharpton. former ceo of hewlett-packard carly fiorina >> historian and film maker ken burns. and nbc chief foreign affairs correspondent andrea mitchell. and we'll here from representative gregory meeks this morning as we check in on some of the hardest-hit victims of hurricane sandy and see how they offered thanks this weekend while surrounded by destruction. >>> from nbc news in washington, the world's longest-running television program, this is "meet the press." with david gregory. >>> president obama doing his part for the economy over the weekend out holiday shopping as part of small business saturday, picking up several children's book at an independent bookstore iypÑarlington. >>> meanwhile, uncertainty in the middle east. more clashes in egypt over the weekend as police use tear gas this morning to disburse protesters in cairo. i want to start there. we have "new york times" columnist dav
MSNBC
Nov 28, 2012 10:00am PST
rose petal in the path of john kerry to be the secretary of state. >> the fiscal cliff negotiations the president trying to rally the middle class in favor of the tax increases on the rich, what is the next step in terms of the real key players which is the president and john boehner? i know they've been talking, there have been a lot of conversations on the phone. is there going to be a meeting? >> you know, andrea, i hesitates to make predictions but i would say that my guess we're probably in a similar place in 14 days as we are today, which is they're talking, the tax rates on the wealthy entitlement reform, these things are still on the table but we haven't had anything defintive. congress and washington in general works best and sometimes works only under a very tight deadline. i can't imagine anything getting done in the next 10 to 14 days, other than kind of the participants, the important participants getting together whether on the phone or in person to hash it out. i think we're looking at kind of closer to christmas rather than further from christmas for a deal if there
MSNBC
Nov 23, 2012 8:00am PST
the holiday break with a major economic problem on their hands. finding a solution to the fiscal cliff requires political leadership. where do we stand with december just around the corner? let's bring in kristen welker and neil irwin, economics editor from the washington post's wonk blog. i love that name. i have to hand it to you. kristen, are you getting a sense of optimism from white house staffers about the future of these negotiations? i mean, how connected do they say the president was to the problem with all the international issues over this past week alone? >> reporter: well, i think that they would like to be optimistic about this problem. certainly president obama has been meeting with congressional leaders. he had them here at the white house last week. they came out and struck this tone of bipartisanship, but they're also cautious in that optimism. you remember the knockdown dragout debt ceiling fight of the summer of 2011. i don't think they think it's going to get that ugly. at the same time this is not going to be easy going as we head to the first of the year. now rep
MSNBC
Nov 21, 2012 9:00am PST
that is productive and happy. >> and back at you all. >> thank you. >>> who do you trust more on the fiscal cliff? ben bernanke or rush limbaugh. rush thinks he holds some cards in the looming negotiations. can congress cut out the middlemen, the drama and make a deal? we will discuss next on "now." look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine.
MSNBC
Nov 21, 2012 3:00am PST
finished relatively flat yesterday following a new warning from the central bank about the fiscal cliff. speaking to the economic club of new york, fed chair ben bernanke urged lawmakers to reach a deal to avoid the automatic spending cuts and tax increases. he said going over the fiscal cliff would pose a substantial risk to the economy. according to a new study the fiscal cliff could give 90% of americans new tax bills when the bush tax rates and some by president obama would both end. the working poor would be among the hardest hit. a tax policy center analysis showed a married couple making about $30,000 a year would on average go from receiving a $15 tax credit to owing $1400. >> wow. >> yeah. that's probably a reason to try and get something done? >> maybe we will. maybe we will. >> you would think. >> yeah. or maybe we can just talk about 2016. >> we could do that as well. how are you doing, willie? >> i'm doing well. >> good. just two weeks after the longest -- >> thanks for stopping by. >> doing well. >> you know, just two weeks after the longest, most expensive and exhausting
MSNBC
Nov 27, 2012 3:00am PST
's numbers are up, hopefully that helps moving into the negotiations about the fiscal cliff and all else. essentially the message in washington, we need to see a little bit of progress. >>> former governor jeb bush met yesterday with former staffers near the white house where he reportedly entertained questions about his political future. >> huh. >> according to "the national review," governor bush sat down with a number of veteran florida operatives along with mitt romney's campaign pollster. the article says mr. bush, quote, remained coy about making a run for the white house. instead deflecting the focus toward his efforts on educational reform. >> and the question is -- richard, the drudge report had the headline bush iii. are americans going to -- regardless of how qualified he is. are they going to be turned off by possibly electing a bush when you have history of bush for eight years, clinton for eight years, obama for eight years, another bush when there was actually, you know -- well, wait, bush, clinton, bush, obama, bush. >> that's probably due for another obama. i think bush
MSNBC
Nov 23, 2012 3:00am PST
the election about the fiscal cliff. what is at stake here for both sides? what happens if they don't get a deal? >> well, look. i think what happens to both sides, it's not even what happens to both sides, what happens to us which is the collective, right? it's what happens to the country which is 4% of gdp disappears overnight. and that's what this is all about. by the way, it's not just about what happens january 1st or 11:59 the day before january 1st. it's already starting to impact the economy. whether it impacts consumers -- and we'll find out today, by the way, in terms of thanksgiving and what's that meant, whether consumers are coming out or not -- but thoorz the bigger issue that manufacturing has already started to slow down. people are starting to worry. it may end up in the economic numbers already, just the fact that we're having this debate. and then come january 1st, do we go over? what does that mean? is it the fiscal cliff? or does it look like the fiscal bungee cord? that's what some people are calling it. we go over for two weeks and then we snap back and get a deal a
MSNBC
Nov 23, 2012 6:00am PST
it. >>> up next, our political power panel weighs in on the tough road ahead for fiscal cliff negotiations. and still ahead, the great holiday escape. tracking the best deals and discounts for your getaways. is it better to be the early bird...or the earliest bird? on black friday, it doesn't matter, as long as we end up here at 5 a.m., or at homedepot.com, starting thursday. where prices have been cut, chopped, and sanded... on the most powerful tools that cut. ...chop... ...and sand. so we, or somebody on our list, can do the same. more saving. more doing. that's the power of the home depot. the early bird gets a special buy on a ryobi two-piece lithium-ion kit, just $99. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after sto
MSNBC
Nov 26, 2012 10:00am PST
are now focusing on house republicans as talks to avoid going over that so-called fiscal cliff are picking up steam. joining me now, mark halperin, senior political analyst for "time" and msnbc and ruth marcus, columnist and editorial writer for the "washington post." to you, mark, what is your read about what we've been hearing the last couple of days about grover norquist, the pledge and how much running room the speaker does have to b negotiating a deal. >> i did a spit take with my fruity pebbles watching "morning joe" because eric cantor's tone was unlike anything i've ever heard. his office is saying oh, no, he's against raising marginal rates, but it's clear that in the scheme of things, the biggest piece is does john boehner have enough running room to strike a deal involving some new revenue. i still am of the belief that the vote in the house, which will be a cliff hanger no matter what happens amongst the leaders in the white house, it will be a tough vote. i think it will be a democratic buildup than a republican buildup. but there's no doubt that if eric cantor is willing to a
CSPAN
Nov 20, 2012 11:00pm EST
at different levels. we are now facing biggest threat through sequestered. janet mentioned the fiscal cliff in one part of the fiscal cliff is these across-the-board spending cuts to take effect january 2nd. it's going to be an 8.2% across-the-board cut in education, job training and health, housing, fbi, air traffic controllers from the food safety, entire range of domestic programs. for education if you count headstart, which is at the department of health and human services a $4.8 billion cut would be the largest education cuts ever in the history of the country. that would just move us -- essentially move us backwards on whether the goal is closing achievement gaps come increasing high school graduation rates, increasing college access and college completion. our biggest challenge in the short-term this lame-duck lame-duck session this to work together with groups like the urban league and national council to come up with a balanced approach to deficit reduction. as genocide, as people who can pay more to do so without balancing the budget on the backs of children and students and worki
CSPAN
Nov 21, 2012 12:00pm EST
and didn't. >> we weren't going to get the negotiations required to sail off of the fiscal cliff. >> there's the tax hike romney's question i consider them very different projects. obama is trying to put them together. the same way he wants you to -- what i hear is that one or all of them will be sailing off january 1st and the quit jumping medicare because they get 30% less i believe the member is the payroll taxes go up which weeks all the people of that have never heard of the sequester. i am having a very difficult time visualizing with what february looks like when the press gets a hold of this and then all of a sudden we also have the debt limit. i just can't see what we are going to do. >> the debt limit is an additional tool to explain to obama that he isn't the king and like henry viii you have to go to the parliament for money. he might want to nationalize monastery's but i don't think he can get as much these days as back then with that approach so he has to go to the parliament, has to go to congress for the resources for the debt ceiling, for all of these things. and look it w
MSNBC
Nov 21, 2012 11:00pm PST
are progressives willing to give president obama? are they really willing to go over the fiscal cliff? >>> in addition to being thanksgiving tomorrow, it's the 49th anniversary of a moment no one my age will ever forget, dallas. get yourself a copy of my new york times best seller "jack kennedy", out in paperback and a great gift for the holidays. you're watching "hardball" a place for politics. >>> i'm amanda drury with your cnbc market wrap. the dow was up by 48 points, s&p up by three and dow added three. >>> consumer sentiment rose slightly in november but below what analysts expected. jobless claims slid by 41,000 last week but the numbers are still distorted by the effects of hurricane sandy. >>> a bankruptcy court judge granted permission for hostess brands to begin shutting down. >>> and that is it from cnbc, first in business worldwide. have a very happy thanksgiving, everybody. back to "hardball." >>> welcome back to "hardball." with a victory behind him, democrats are feeling more confident in talks with republicans about the fiscal cliff. many on the left have been vocal i
MSNBC
Nov 22, 2012 7:00am PST
reflection on us all. now through january 2nd. >>> the impact of the so-called fiscal cliff could hit the country in 41 days if an agreement is not reached. the average american would see the increase of about $2,000. kristen welker is joining me from washington. hello to you, once again. >> reporter: hello. >> let's talk about negotiations and where all this stands. what's the status of things? >> we expect president obama to invite congressional leaders back to the white house in the coming days. you remember he had them here last week. they came out and struck this rare tone of bipartisanship. a lot of peel thought it was a sign of things moving in the right direction, that they could get a deal struck in a timely fashion. since then congressional aides have been trying to put meat on the bones of the deal and we are told republicans' starting offer really is not that different from where they were before the election. they are still basically saying that they want to keep the bush-era tax cuts where they are, which is completely the opposite of democrats want, which is to let the
MSNBC
Nov 21, 2012 7:00am PST
are working on, no progress on the fiscal cliff either. congressional leaders are taking a holiday breaks from the talks, but staff members have not been encouraged by their early huddles. let me bring in politico's deputy white house editor and joanne green, managing editor of the brie owe and msnbc contributor. good morning. >> good morning. >> we'll get to the situation in the middle east in just a minute. i want to start with the fiscal cliff and politico's front page today. "rough start for fiscal cliff talks." looked like everything was going really well after that first meeting. now that the dealing is really getting under way, the sources tell politico neither side seems actually all that serious. what's going on here? >> our reporting shows that despite the politics of the seeming to suggest that a deal should be struck and despite the meeting that happened with the congressional leaders at the white house last week that had everybody walk out of it and use the word constructive and talk about how nice the meeting was, when they've gotten down to brass tacks and what would have to be
MSNBC
Nov 22, 2012 6:00am PST
hopeful. that being said, we still have issues looming on this fiscal cliff. we're starting to see consumer confidence weighing a little bit. i think hurricane sandy had something to do with that. >> yeah. >> this could go either way this season. >> you combine the holiday spending with the fiscal cliff. is there a chance that if we get this $586 billion or whatever is expected to come in, that it has a lasting effect on the economy? >> you know, i think -- i would like to say yes. and given holiday -- looking at last year, we saw about 600,000 jobs added for the holiday. about that number is expected this year as well. jobs are good for the economy. spending is good for the economy. but whether we can maintain that, whether a deal can be reached on that cliff remains to be seen. we could see of the u.s. fall into recession. hopefully that won't be the case. hopefully, you know, a deal will be reached and we can move forward. >> that's probably the most pressing issue right now. morgan, thank you for bringing us up to date on the retail angle. >>> coming up, health care hang-ups, a
CSPAN
Nov 25, 2012 6:30pm EST
of the business leaders, if you do not want to go over the fiscal cliff? -- fiscal cliff, they want it to be a stage set for tax reform. -- this week, you're going to see a lot of focus on the entitlement portion and the republicans have held their tongues. the whole discussion is about revenue. they are marshalling their ceo's to make demands on entitlements. >> so many of the business leaders don't want to go over the fiscal cliff. they really want tax reform to happen. whatever happens, they want this to be a stage setter. >>>> thank you for being on "newsmakers." [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> tomorrow on c-span, we look back at august 2011, as the news conferences around the budget control act. this created sequestration. that is split 50-50 between defense and non-defense spending. >> in january, our first week that we were sworn into office, the present as for the increase in the debt ceiling and i made it clear that there would not be an increase in the debt ceiling without changes to the wa
MSNBC
Nov 20, 2012 7:00pm PST
. >> the gop post election fallout continues on a couple fronts. >>. >> the fiscal cliff is getting shorter and shorter. >> voters agreed with me on this issue. >> more than congressional republicans. >> we don't understand. >> americans didn't vote for dysfunction. >> the voters agreed with me on this issue. >> they voted for government that works. >> we don't understand why raising tax rates is the solution. >> can party leaders get a deal? >> impossible. >> all this talk about taxing the rich is nonsense. >> grover norquist. >> you speak of grover norquist. >> he's an entertaining warrior. >> pledge mentality is really on the run right now. >> speaker boehner clearly wants a deal. >> he can't have one arm tied behind his back. >> the top 1%, only 42% of the wealth. >> 48.5 million people lived below the poverty level. >> we should ask the wealthy to start paying their fair share. >> the american sense of fairness, no one should pay more than 25%. >> today's republican party has imploded. >> they are in denial. >> they are looking for someone to blame. >> grover is no longer speaking for
MSNBC
Nov 21, 2012 2:00pm PST
are progressives willing to give president obama? are they really willing to go over the fiscal cliff? in addition to being thanksgiving tomorrow, it's the 49th anniversary of a moment no one my age will ever forget, "dal." get yourself a copy of my new york times best seller "jack kennedy", out in paper simpak a great gift for the holidays. you're watching "hardball" a place for politics. at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversification - you'll have the tools to get it done. strategies. chains. positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...c
MSNBC
Nov 21, 2012 4:00pm PST
room are republicans going to give president obama? are they really willing to go over the fiscal cliff? the 49th anniversary of a moment no one my age will ever forget, dallas. do me an honor. "jack kennedy, elusive hero" is out. a great gift for the holidays. you're watching "hardball", a place for politics. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with br
MSNBC
Nov 21, 2012 10:00am PST
what your first, first objective is and in particular the fiscal cliff. >> absolutely. and thank you for having us on. our first priority here is focusing on job creation. you know, working across party lines with the president to get things done that need to get done like putting people back to work. the voters spoke very clearly in this election. that they want partisanship to be put aside. they want republicans and independents and democrats to work together to move our country forward, to grow our economy, to protect medicare and social security. as well as to balance the budget in a way that protects the middle class and the working poor and that's what i'm looking forward to do with my colleagues. >> of course, there's -- there are a lot of trade-offs to be made and compromises to be made. i may be among the first to congratulate you. >> thank you. >> congratulations to both of you. what are you willing to commit to if you get the tax cuts the president and party is demanding? >> sure. well, we have got to reach across the aisle and with the fiscal cliff, both sides have to put
MSNBC
Nov 23, 2012 5:00am PST
. with the fiscal cliff, do you think there's a way to reach an agreement on the fiscal cliff? are you willing to do comprehensive entitlement reforms in exchange for an increase tax rate? >> i think that's an excellent question. let's make one thing clear. the entitlements have little to do with the day-to-day operation of the budget. they have their own separate budgets. they're paid for in a separate manner, through payroll taxes. so anybody that wants to do that is really holding the issue hostage. the other side is good at doing that. republicans have been very good at holding us hostage. we said to them at least pass the middle chas tax cuts and let's continue those and then we'll debate the other stuff. there is no compromising these ideologues. i want compromise. people want them to come together. if you hold the other issue or the other side hostage, it's not going to get done. i'm a little less optimistic than i was last week when i hear from staff and the discussions that are going on behind the scenes. i'm less optimistic about it. but i'm in there fighting for resolution. if we kick the
MSNBC
Nov 23, 2012 10:00am PST
to reach a deal on the so-called fiscal cliff. that combination of tax hikes and spending cuts many economists warn could throw this country back into a recession. the president and top congressional leaders met at the white house and it appeared they made progress. since then talks have hit a bit of a rough patch. joining me from louisville kentucky, for a progress report of sorts on whether negotiations stand right now, kentucky congressman john yarmuth. good afternoon to you. >> good afternoon. where do the negotiations stand right now? >> right now, this is something where the staffs of the leadership in both the house and senate and white house are trying to work through possible think they're making a lot of progress and, for instance, one of the ideas that was brought up by republicans was, just eliminate the preferences on the first $380,000 worth of income for those people making more than that and charge everybody 35%, which means that people wouldn't have to vote to raise the highest rate. the problem with that is people like mitt romney and many oth
NBC
Nov 24, 2012 5:00am PST
a way to avoid that so called fiscal cliff that could raise your taxes and throw the economy back into recession. kristen welker is in our washington bureau. good morning. >> reporter: president obama is also facing a number of challenges overseas, as you say, from the unrest in the middle east to the continuing fallout over the attack on the u.s. consulate in benghazi. but the fiscal cliff looms large. president obama returning from a post-thanksgiving round of golf, but off the links, the clock is ticking. lawmakers need to hammer out a deal to prevent the so called fiscal cliff. deep spending cuts and tax hikes set to take effect next year. >> i think we're all aware that we have some urgent business to do. >> reporter: after a meeting at the white house last week, congressional leaders struck a rare tone of bipartisanship. >> we had a very constructive meeting with the president. >> we feel very comfortable with each other. >> reporter: but a major sticking point remains -- taxes. president obama wants to let the bush era tax cuts expire for the wealthiest americans. many repu
MSNBC
Nov 23, 2012 2:00am PST
tells a georgia tv station he's considering breaking the promise in order to avoid the so-called fiscal cliff. >>> and they are not the only ones trying to avoid the cliff. many major league baseball free agents are trying to get their money up front in 2012 to avoid tax increases. >>> well, the idea of selling designer merchandise on president obama's campaign website was mocked by some but the campaign is having the last laugh. bloomberg businessweek reports the idea by vogue editor anna wi wintor brought in more than $40 million. >>> meantime, the obama campaign is still fuming over some of the polls that got it wrong leading up to election day. the editor in chief for gallop whiched so mitt romney with a bigger lead admits gallup might have overestimated the get-out-the-oat efforts. >>> it's time for a geography quiz. put on your thinking caps. what is the name of this country? all right. if you said mexico, then you were wrong. our neighbors to the south actually go by the official title estados unidos mexicanos which is translated the united mexican states. but felipe calderon is
MSNBC
Nov 26, 2012 3:00am PST
a month left to reach a deal avoiding the so-called fiscal cliff. but there are new signs that lawmakers may be willing to compromise. a growing number of republicans are slowly backing away from grover norquist's anti-tax pledge. saying they're open to letting revenues rise if democrats do their part in the budget talks. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> a pledge you signed 20 years ago, 18 years ago is for that congress. for instance, if i were in congress in 1941, i would have signed the declaration of war against japan. we're not going to attack japan today. the world has changed, and the economic situation is different. >> so peter king is telling us, mike barnicle, not only is he going soft on taxes, he's going soft on japan. >> i know. >> it's not just peter king on the taxes. it's a big step, don't you think? >> it's a big step. >>
NBC
Nov 28, 2012 7:00am PST
that the president has to win the battle over a fiscal cliff. he's got those on the left who doesn't think it is a cliff and he needs to get the business community to put pressure on the republicans to get a deal before christmas. the president is playing it right so far, making it about the middle class and get the rich people to pay their taxes. it's really a tough fight. if this were his only fight it would be a tough fight. >> let's turn back to rice for a moment and look at the substance of that. she acknowledged was what she did was repeat unclassified talking points that came from the intelligence communities. if she had classified information that was somehow different or would have added more to it, obviously she couldn't have said it on the sunday shows, but should she have been more direct that the information she was providing to the american people was at that point not just preliminary but incomplete? i guess the bottom line is did she mislead? >> right. i think the big question -- it is a question. we don't have the answer. was she a flack out there in politics, mouthing the
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